Outsourcing to take on much more

Fund managers are facing an increasing number of critical tasks.

By

Richard Greensted

February 2, 1998 5:00 p.m. GMT

Scratch beneath the polished veneer of even the bluest of blue-chip fund managers and you'll find a list of critical tasks and challenges as long as the barrel of a Purdey's shotgun. The search for higher returns through increasing cross-border investment, coupled with the greater complexity and diversity of investment instruments, have greatly taxed already stretched resources. Add to these the small matters of shortening settlement, heightened regulatory scrutiny, the focus on managing, mitigating and reporting risk, European Monetary Union, and the year 2000 compliance and you can understand why many managers would...